L. B. Menefee Lumber Co. v. Commissioner

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that the plaintiff complained that the recovery was to him personally and not the corporation
• ordering pro rata award to minority in derivative suit challenging transaction in which corporation purchased stock with corporate funds then distributed shares to majority holders
• ordering pro rata recovery although defendant was inno cent but purchased stock from wrongdoers

Source: CourtListener parenthetical corpus (CC0).